First National Bank v. Currie
Michigan Supreme Court
Error to Wayne; Brooke, J. Assumpsit by the First National Bank of Detroit against Cameron Currie and Frederick S. Osborne, copartners as Cameron Currie & Company, for money had and received. There was judgment for plaintiff on a verdict directed by the court, and defendants bring error.
1Opinion of the CourtMcAlvay, C. J.
Defendants were in partnership as brokers at Detroit. They dealt in stocks and bonds on the New York Stock Exchange and elsewhere. They executed orders for dealings in the New York market through other brokers. Frank C. Andrews was their *74largest customer. On February 5, 1903, they had bought for Andrews and on his order, but in their own name, as was customary, #90,000 par value of Union Pacific convertible 4 per cent, bonds for $95,000, in New York, through Ladenburg, Thalman & Go., who were to make delivery on payment. Shortly after noon February 6, 1903, Mr. Andrews asked Mr. Case,…
2Cases cited4 opinions
- People Ex Rel. Port Chester Savings Bank v. CromwellNew York Court of Appeals · 1886
- Irving Bank of New York v. WetheraldNew York Court of Appeals · 1867
- Metropolitan National Bank v. JonesIllinois Supreme Court · 1891
- First National Bank v. MillerNebraska Supreme Court · 1893
3Cited by16 opinions
- Utah Construction Co. v. Western Pacific Railway Co.California Supreme Court · 1916
- Bessenger v. WenzelMichigan Supreme Court · 1910
- Cuesta, Rey Co. v. Newsom, as LiquidatorSupreme Court of Florida · 1931
- Schering-Plough Healthcare Products, Inc. v. Nbd Bank, N.A., N/k/a Nbd Bank, and Nbd Bank Dearborn, N.A.Court of Appeals for the Sixth Circuit · 1996
- Midwest National Bank & Trust Co. v. Niles & Watters Savings BankSupreme Court of Iowa · 1921
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